Just like that, Microsoft to gain 400+ new employees

Yahoo went public on August 4 with more details about terms of its search deal with Microsoft in its Securities and Exchange Commission (SEC) filing.

There are a couple of particulars I found interesting, especially when comparing Yahoo’s 8-K filing to the Yahoo-Microsoft costs slide that Microsoft erroneously included in a Financial Analyst Meeting slide deck last week. According to Yahoo’s filing, if and when the Microsoft-Yahoo deal gains regulatory approval:

“Microsoft will hire not less than 400 Yahoo! employees (the “Transferred Employees”) and will offer the Transferred Employees market competitive compensation packages. In addition, Yahoo! and Microsoft will mutually agree on a retention plan to be paid for by Microsoft to assist in retaining the Transferred Employees and an additional 150 Yahoo! employees to be mutually agreed upon between Microsoft and Yahoo! to assist with providing the transition services.”